Palomar Holdings, Inc. (PLMR) vs Selective Insurance Group, Inc. (SIGI)

Palomar Holdings, Inc. and Selective Insurance Group, Inc. are both Insurance Property & Casualty companies. Selective Insurance Group, Inc. is the larger, with a market value of $5.2B against $3.6B — 1.4× the size. Selective Insurance Group, Inc. trades at the lower P/E: 11.1× against 18.2×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 7.01%. Palomar Holdings, Inc. has the higher net margin (18.6% vs 8.93%) and the higher return on invested capital (13.5% vs 9.36%). Both pay a dividend; Selective Insurance Group, Inc. yields more (1.93% vs 0.32%). Across the 21 metrics below, Palomar Holdings, Inc. leads on 11 and Selective Insurance Group, Inc. on 10.

Valuation

Metric PLMR SIGI Insurance Property & Casualty median
P/E 18.20 11.06 10.75
P/S 3.37 0.97 1.21
P/B 3.75 1.54 1.99
Price to free cash flow 9.01 4.44 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.49% 9.04% 9.08%
Free cash flow yield 11.10% 22.50% 12.11%

Profitability

Metric PLMR SIGI Insurance Property & Casualty median
Gross margin 24.87% 41.16% 41.16%
Operating margin 24.87% 12.46% 15.09%
Net margin 18.61% 8.93% 11.51%
Free cash flow margin 37.41% 21.73% 17.46%
Return on equity 22.23% 14.73% 17.34%
Return on assets 5.98% 3.25% 3.74%
Return on invested capital 13.54% 9.36% 12.06%

Growth

Metric PLMR SIGI Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 7.01% 8.02%
EPS growth (last fiscal year) 60.04% 131.89% 39.61%
Revenue growth, 5-year CAGR 39.06% 12.80% 9.23%
Net income growth, 5-year CAGR 99.37% 13.16% 10.09%

Health

Metric PLMR SIGI Insurance Property & Casualty median
Debt to equity 0.30 0.25 0.25
Current ratio 0.50 0.25 0.42
Net debt to EBITDA (0.41) 1.32 0.08

Dividend

Metric PLMR SIGI Insurance Property & Casualty median
Dividend yield 0.32% 1.93% 1.50%
Payout ratio 0.06 0.21 0.14

Size

Metric PLMR SIGI Insurance Property & Casualty median
Market cap 3.62b 5.20b 2.67b

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